Quarterly Revenues of $65.7 Million, Down 36% Year Over Year; Net Loss for the Quarter Includes Execution Impact of Global Cost Reduction Plan

LIVERMORE, CA--(Marketwire - April 29, 2008) - FormFactor, Inc. (NASDAQ: FORM) today
announced its financial results for the first quarter of fiscal 2008, ended
March 29, 2008. Quarterly revenues were $65.7 million, down 45.5% from
$120.5 million in the fourth quarter of fiscal 2007, and down 35.8% from
$102.3 million in the first quarter of fiscal 2007.

Net loss for the first quarter of fiscal 2008 was $18.0 million or ($0.37)
per share on a diluted basis, which included $4.5 million or $0.09 per
share of stock-based compensation, net of tax. This compares to net income
for the fourth quarter of fiscal 2007 of $14.4 million or $0.29 per share
on a diluted basis, including $4.3 million or $0.09 per share of
stock-based compensation, net of tax. Net income for the first quarter of
fiscal 2007 was $15.2 million or $0.31 per share on a diluted basis, which
included $4.8 million or $0.10 per share of stock-based compensation, net
of tax. First quarter of fiscal 2008 results also include approximately
$5.3 million in restructuring costs related to our global cost reduction
plan implemented during the quarter.

"As we reported earlier this month, current weakness in the DRAM market has
impacted our business, as customers have been dramatically delaying test
capacity expansions and pushing out technology transitions," stated Mario
Ruscev, President of FormFactor. "FormFactor is taking appropriate measures
to better align operations and expenses with the current market
environment, while continuing our strategic investments in R&D to maintain
our technology leadership and position us for the future."

The company has posted its revenue breakdown by region and market segment
on the Investors section of its website at www.formfactor.com. FormFactor
will conduct a conference call at 1:30 p.m. PDT, or 4:30 p.m. EDT, today.
The public is invited to listen to a live web cast of FormFactor's
conference call on the Investors section of the company's website at
www.formfactor.com. An audio replay of the conference call will also be
made available approximately two hours after the conclusion of the call.
The audio replay will remain available until May 1, 2008 at 6:30 p.m. PDT
and can be accessed by dialing (888) 286-8010 or (617) 801-6888 and
entering confirmation code 40225130.

About FormFactor:

Founded in 1993, FormFactor, Inc. (NASDAQ: FORM) is the leader in advanced
wafer probe cards, which are used by semiconductor manufacturers to
electrically test integrated circuits, or ICs. The company's wafer sort,
burn-in and device performance testing products move IC testing upstream
from post-packaging to the wafer level, enabling semiconductor
manufacturers to lower their overall production costs, improve yields, and
bring next-generation devices to market. FormFactor is headquartered in
Livermore, California with operations in Europe, Asia and North America.
For more information, visit the company's website at www.formfactor.com.

FormFactor and the FormFactor logo are registered trademarks of FormFactor,
Inc. All other product, trademark, company or service names mentioned
herein are the property of their respective owners.

FORWARD-LOOKING STATEMENTS. Statements in this press release that are not
strictly historical in nature are forward-looking statements within the
meaning of the federal securities laws, including statements regarding
business momentum, demand for our products and future growth. These
forward-looking statements are based on current information and
expectations that are inherently subject to change and involve a number of
risks and uncertainties. Actual events or results might differ materially
from those in any forward-looking statement due to various factors,
including, but not limited to: the demand for certain semiconductor
devices, including DRAM devices; the rate at which semiconductor
manufacturers implement manufacturing capability changes, make the
transition to smaller nanometer technology nodes and implement tooling
cycles; and the company's ability to bring operations and expenses in line
with the current market environment, to continue strategic investments in
R&D to maintain its technology leadership and position itself for the
future, to develop and deliver innovative technologies, to enforce its
intellectual property rights, and to execute measures for increasing
productivity and supporting growth. Additional information concerning
factors that could cause actual events or results to differ materially from
those in any forward-looking statement is contained in the company's Form
10-K for the fiscal year ended December 29, 2007, filed with the Securities
and Exchange Commission ("SEC"), and subsequent SEC filings. Copies of the
company's SEC filings are available at
http://investors.formfactor.com/edgar.cfm. The company assumes no
obligation to update the information in this press release, to revise any
forward-looking statements or to update the reasons actual results could
differ materially from those anticipated in forward-looking statements.

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